Highfill Corporation's Variable Overhead Is Applied on the Basis of Direct

question 158

Essay

Highfill Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card for product D80D specifies 6.3 direct labor-hours per unit of D80D. The standard variable overhead rate is $5.80 per direct labor-hour. During the most recent month, 1,000 units of product D80D were made and 6,400 direct labor-hours were worked.The actual variable overhead incurred was $40,920.Required:a. What was the variable overhead rate variance for the month?b. What was the variable overhead efficiency variance for the month?

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Definitions:

Concordat

An agreement between the Vatican and a secular government regarding the regulation of church affairs.

Catholic Church

The Catholic Church is a major religious institution centered on the teachings of Christianity, with the Pope as its spiritual leader, and has a significant influence on global culture, politics, and history.

Administrative Department

A division within an organization or government responsible for implementing policies, overseeing operations, and managing personnel.

Ecclesiastical Reforms

Changes and improvements made to the organization, doctrine, or practice of the Christian Church, often aimed at addressing corruption and enhancing the spiritual integrity of the institution.